Edgemoor Investment Advisors Inc. Makes New $7.16 Million Investment in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Edgemoor Investment Advisors Inc. purchased a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 61,169 shares of the real estate investment trust’s stock, valued at approximately $7,155,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Alexandria Real Estate Equities by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 26,784,689 shares of the real estate investment trust’s stock worth $3,452,814,000 after acquiring an additional 156,643 shares during the period. Norges Bank acquired a new position in Alexandria Real Estate Equities in the fourth quarter valued at approximately $2,086,085,000. APG Asset Management US Inc. grew its position in Alexandria Real Estate Equities by 0.5% in the fourth quarter. APG Asset Management US Inc. now owns 7,216,689 shares of the real estate investment trust’s stock worth $914,860,000 after acquiring an additional 39,243 shares during the period. Dimensional Fund Advisors LP increased its stake in Alexandria Real Estate Equities by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,391,396 shares of the real estate investment trust’s stock worth $303,166,000 after acquiring an additional 22,105 shares during the last quarter. Finally, M&G Plc raised its holdings in Alexandria Real Estate Equities by 4.9% in the 2nd quarter. M&G Plc now owns 1,659,092 shares of the real estate investment trust’s stock valued at $194,114,000 after buying an additional 77,686 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Up 0.3 %

Shares of ARE stock traded up $0.31 on Monday, reaching $116.60. 32,115 shares of the stock were exchanged, compared to its average volume of 910,595. The company has a market capitalization of $20.40 billion, a price-to-earnings ratio of 108.68, a PEG ratio of 4.05 and a beta of 1.16. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.55. The business’s 50 day moving average price is $118.16 and its 200 day moving average price is $119.86. Alexandria Real Estate Equities, Inc. has a twelve month low of $90.73 and a twelve month high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($2.09). The business had revenue of $766.70 million during the quarter, compared to analysts’ expectations of $775.03 million. Alexandria Real Estate Equities had a net margin of 5.09% and a return on equity of 0.68%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.24 EPS. As a group, sell-side analysts expect that Alexandria Real Estate Equities, Inc. will post 9.47 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.46%. The ex-dividend date is Monday, September 30th. Alexandria Real Estate Equities’s payout ratio is 485.99%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ARE shares. Royal Bank of Canada cut their price objective on Alexandria Real Estate Equities from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Evercore ISI lifted their price objective on shares of Alexandria Real Estate Equities from $126.00 to $127.00 and gave the company an “in-line” rating in a report on Wednesday, August 28th. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and reduced their target price for the stock from $136.00 to $127.00 in a report on Friday, August 2nd. Wedbush downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $140.00 to $130.00 in a research note on Wednesday, July 24th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, July 23rd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $131.33.

Alexandria Real Estate Equities Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.